Samuel Onyango joins Equity Bank Kenya board as independent director

Written By: Ronald Owili

Samuel Onyango appointed Equity Bank Kenya Limited (EBKL) as a non-Executive Director. PHOTO. | EBKL

Equity Group has appointment career auditor, Samuel Onyango to join its Kenyan subsidiary, Equity Bank Kenya Limited (EBKL) as a non-Executive Director with immediate effect.

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Onyango who is currently a director at Jadala Investments and a non-Executive Director at BAT Kenya Limited and a member of its Audit and Risk Committee since July 2019.

According to the announcement made Thursday by the group, Onyago brings as extensive leadership experience in a wide range of professional services as a Certified Auditor, Company Secretary, Arbitrator, and Mediator, including his contribution to the development of the accounting profession in East, Central, and Southern Africa in the course of his career.

“We are thrilled to welcome Samuel as a new independent director to our board. He brings decades of broad executive leadership experience in audit and risk practices that are key in our operations as an integrated financial services provider,” said EBKL Chairman Amb. Erastus Mwencha.

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He went on, “Samuel’s guidance will be invaluable to the Equity board of directors in our oversight and quality assurance roles as we execute the next phase of strategic innovation and growth.”

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On his part, Samuel commented on his commitment to serving the board, “Equity has a distinguished board with great diversity, expertise and experience. The management and staff at Equity are highly skilled and this is evidenced in how the institution has continued to remain at the top. I am confident that working together, we will be able to effectively sail through the pandemic and continue to be a key financial player in our country and the region,” said Onyango.

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He is the immediate former CEO of Delloite East Africa where he served for 38 years in various audit and advisory roles.

Onyango has previously served as chairman of the Institute of Certified Public Accountants of Kenya and president of the Eastern, Central, and Southern Africa Federation of Accountants.

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He holds a Bachelor of Commerce degree from the University of Nairobi and is a Certified Accountant and Company Secretary.

He is also a member of the Institute of Chartered Accountants (England and Wales), Institute of Certified Secretaries (Kenya), and Institute of Certified Public Accountants of Kenya.

EBKL is a subsidiary of Equity Group Holdings Plc and holds a massive share of the Group’s business contributing 75% of the profitability.

The Bank has been named the Top Banking Superbrand in Kenya for thirteen years in a row since 2007.

Moody’s gave the bank a global rating of B2, Global Rating of Aaa.ke/KE-1 with a Negative outlook same as the sovereign rating of the Kenya Government.

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